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Test Your Knowledge
Earn 100 Diamonds for every perfect score!
Question 1:
What is the key difference between investing and trading in cryptocurrencies?
A. Investing is focused on short-term gains, while trading is focused on long-term growth.
B. Investing involves holding assets for a long period, while trading involves frequent buying and selling.
C. Investing is risk-free, while trading involves significant risks.
Question 2:
What is the primary focus of fundamental analysis (FA) for cryptocurrency investments?
A. Predicting future price trends using technical indicators.
B. Evaluating the long-term potential of a coin or project based on factors like utility, team, and reputation.
C. Analyzing short-term price movements and trading volume.
Question 3:
Why is diversification across multiple cryptocurrencies considered beneficial?
A. It reduces the risk of putting all investments in a single project.
B. It guarantees higher returns.
C. It increases the likelihood of choosing the most profitable coin.
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